Credit Card Terminology | Understand Credit Card Statement

We’ve prepared this useful list of terms to help you understand your Credit Card statement.

Account Number	Unique reference number for Credit Card account
Credit Limit	Maximum credit limit assigned for usage
Statement Date	Day when your credit card statement is generated, mostly at the end of every month
Payment Due Date	Last date on which your minimum payment can be paid to avoid overdue fees
Current Balance	Total amount used from your credit card including purchases and installments
Minimum Amount Due	The minimum amount that must be paid before payment due date
Available Credit Limit	Remaining amount available on the credit card for usage
Cash Limit	Available limit for cash withdrawals
Credit Limit	Available limit for purchases
Posting Date	The date on which the transaction got processed
Date Card Used	Date on which the transaction was performed
CBQ Approval Code (authorization code) for the transaction	Authorization ID that is generated during a successful transaction which is used by the merchant to claim the transaction amount from Commercial Bank
Debit	Amount deducted for purchases and cash withdrawals done
Credit	Amount of payments made or refunds received from the merchant in QAR
Subtotal	Total amount of debits and credits on specific cards
Plan Tenure	Number of monthly Installments
Total EMI’s Billed	Number of monthly Installments paid
Amount Billed	Total amount of installments paid
Remaining EMI’s	Number of monthly Installments yet to be paid
Remaining Balance	Total amount of installments yet to be paid
Opening Balance	Balance carried forward from the previous months
Overdue From	Minimum payment unpaid from the previous month's statement
Closing Balance	The total outstanding balance on the card for the current month statement (debits + opening balance - credits = closing balance)

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